The Numbers Behind Green Multifamily Projects
Green construction is gaining momentum especially in multifamily housing, where sustainable upgrades like LED lighting, smart HVAC systems, rooftop solar and water-saving technologies are proving both environmentally and financially beneficial. While upfront costs remain a hurdle, the long-term savings, increased property value and tenant demand for energy-efficient features are driving continued investment in green retrofits and new builds. These efforts are accelerating, with the state of Illinois ranking second in the nation for LEED-certified green buildings in 2024 thanks to Chicago leading the way in urban sustainability.